Form 8302 - Direct Deposit Form Of Tax Refund Of One Million Or More
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18302
Direct Deposit of Tax Refund of $1 Million or More
Form
OMB No. 1545-1763
(Rev. December 2001)
Attach to your income tax return (other than Forms 1040, 1120, 1120-A, or
Department of the Treasury
1120S), Form 1045, or Form 1139.
Internal Revenue Service
Name(s) shown on income tax return
Identifying number
Phone number (optional)
(
)
1.
Routing number (must be nine digits). The first two digits must be between 01 and 12 or 21 through 32.
2.
Account number (include hyphens but omit spaces and special symbols):
3. Type of account (one
box must be checked):
Checking
Savings
● You fail to indicate the type of account the
General Instructions
Our authority to ask for information is
deposit is to be made to (i.e., checking or
sections 6001, 6011, and 6012(a) and their
Purpose of Form
savings).
regulations, which require you to file a return
● There is an outstanding liability the offset of
or statement with us for any tax for which
File Form 8302 to request that the IRS
you are liable. Your response is mandatory
which reduces the refund to less than $1
deposit a tax refund of $1 million or more
under these sections. Section 6109 requires
million.
directly into an account at any U.S. bank or
that you provide your social security number
other financial institution (such as a mutual
How To File
or employer identification number on what
fund, credit union, or brokerage firm) that
you file. This is so we know who you are, and
Attach Form 8302 to the applicable return. To
accepts direct deposits.
can process your return and other papers.
ensure that your tax return is correctly
The benefits of a direct deposit include a
You must fill in all parts of the tax form that
processed, see Assembling the Return in
faster refund, the added security of a
apply to you.
the instructions for the form with which the
paperless payment, and the savings of tax
You are not required to provide the
Form 8302 is filed.
dollars associated with the reduced
information requested on a form that is
processing costs.
Specific Instructions
subject to the Paperwork Reduction Act
unless the form displays a valid OMB control
Who May File
Identifying number. Enter the employer
number. Books or records relating to a form
identification number or social security
or its instructions must be retained as long as
Form 8302 may be filed with any tax return
number shown on the tax return to which
their contents may become material in the
other than Form 1040, 1120, 1120-A, or
Form 8302 is attached.
administration of any Internal Revenue law.
1120S to request a direct deposit of a refund
Line 1. Enter the financial institution’s routing
Generally, tax returns and return information
of $1 million or more. You are not eligible to
number and verify that the institution will
are confidential, as required by section 6103.
request a direct deposit if:
accept a direct deposit.
However, section 6103 allows or requires the
● The receiving financial institution is a
For accounts payable through a financial
Internal Revenue Service to disclose or give
foreign bank or a foreign branch of a U.S.
institution other than the one at which the
the information shown on your tax return to
bank or
account is located, check with your financial
others as described in the Code. For
● You have applied for an employer
institution for the correct routing number. Do
example, we may disclose your tax
identification number but are filing your tax
not use a deposit slip to verify the routing
information to the Department of Justice to
return before receiving one.
number.
enforce the tax laws, both civil and criminal,
If Form 8302 is filed with Form 1045,
and to cities, states, the District of Columbia,
Line 2. Enter the taxpayer’s account number.
Application for Tentative Refund, or Form
U.S. commonwealths or possessions, and
Enter the number from left to right and leave
1139, Corporation Application for Tentative
certain foreign governments to carry out their
any unused boxes blank.
Refund, both of which allow for more than
tax laws. We may also disclose this
one year’s reporting, direct deposits may be
information to Federal, state, or local
Privacy Act and
made only for a year for which the refund is
agencies that investigate or respond to acts
at least $1 million.
or threats of terrorism or participate in
Paperwork Reduction
Note. Filers of Form 1040 must request a
intelligence or counterintelligence activities
Act Notice
direct deposit of refund by completing the
concerning terrorism.
account information on that form. Filers of
Please keep this notice with your records.
We ask for the information on this form to
Forms 1120, 1120-A, or 1120S must request
It may help you if we ask you for other
carry out the Internal Revenue laws of the
a direct deposit of a refund using Form 8050,
information. If you have any questions about
United States. You are required to give us the
Direct Deposit of Corporate Tax Refund. This
the rules for filing and giving information,
information. We need it to ensure that you are
includes a request for a refund of $1 million or
please call or visit any Internal Revenue
complying with these laws and to allow us to
more.
Service office.
figure and collect the right amount of tax.
Conditions Resulting in a
The time needed to complete and file this
In addition, the Privacy Act requires that
form will vary depending on individual
Refund by Check
when we ask you for information we must
circumstances. The estimated average times
first tell you our legal right to ask for the
are: Recordkeeping, 1 hr., 25 minutes;
If we are unable to process this request for a
information, why we are asking for it, and
Learning about the law or the form, 30
direct deposit, a refund by check will be
how it will be used. We must also tell you
minutes; Preparing, copying, assembling,
generated. Reasons for not processing a
what could happen if we do not receive it and
and sending the form to the IRS, 33
request include:
whether your response is voluntary, required
minutes.
● The name on the tax return does not match
to obtain a benefit, or mandatory under the
If you have comments concerning the
the name on the account.
law.
accuracy of these time estimates or
● The financial institution rejects the direct
suggestions for making this form simpler, we
deposit because of an incorrect routing or
would be happy to hear from you. You can
account number.
write to the IRS at the address listed in the
instructions of the tax return with which this
form is filed.
8302
Cat. No. 62280S
Form
(Rev. 12-2001)
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